Bank of Japan Governor Kuroda says Japan's economy is picking up, but still in severe state

Author: Eamonn Sheridan | Category: Central Banks

The head of the BOJ was speaking at a meeting of branch managers, comments via the text.

  • Japan's economy picking up although in severe state due to impact from coronavirus pandemic
  • economy likely to improve as a trend as impact of covid-19 subsides
  • Japan's financial system remains stable as a whole
  • The BOJ will take additional easing steps without hesitation as needed with close eye on fallout from pandemic
  • pace of Japan's economic improvement will be moderate as caution over the pandemic remains
  • Japan's consumer prices to fall for time being, gradually accelerate pace of increase thereafter

 more to come  

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